A new development is coming to Cedros Design District in Solana Beach as RAF Pacifica Group has purchased a rare piece of undeveloped land in the area. The company is ecstatic about the purchase, with founder Adam Robinson stating, “the opportunity to acquire land that is fully entitled in the heart of such a vibrant district enables us to create a true lifestyle destination that will support Solana Beach’s ongoing revitalization and drive future economic growth, resulting in long-term value and higher quality of life for the community at large.”
RAF Pacifica Group has begun to establish themselves as a go-to developer in North County. They recently broke ground in Carlsbad on a 170,000 square foot research and development facility named “Vec•Tor”.
While the Carlsbad project dwarfs the Solana facility in size, the Cedros development has a number of community benefits. RAF Pacifica intends to build 3,200 square-feet of high-end restaurant space, eight residential units, 8,000 square-feet of office space, and 5,000 square-feet of retail space on the 40,000 square-foot site. FAF Pacific purchased the site from a private owner for $5.5 million, but development costs are currently unknown.
Cedros is an ideal place for the development, with 85 shops and restaurants already occupying the oft-visited design district. Also located within walking distance from the Coaster station and Highway 101, the new facility should be a draw for Solana residents as well as those outside of the community.
Future Development in North County
With the purchase of the Cedros site, undeveloped land in the area is quickly dwindling. Just south of the new facility sits a slightly larger plot of land currently housing only a small struture. To the west, on South Sierra Avenue, are two lots featuring the remnants of stalled development projects. And finally, an oceanfront property next to the fairgrounds represents perhaps the most valuable plot of land in North County. The 16-acre parcel has recieved a number of proposals, but none that can meet the exorbitant price tag.
Competiting developers will surely be keeping an eye on the future of the Cedros project. Success by the new facility will undoubtedly drive up the price of these remaining lots.